Perritt Capital Management Inc Sells 2,972 Shares of Taylor Devices, Inc. (NASDAQ:TAYD)

Perritt Capital Management Inc lessened its position in shares of Taylor Devices, Inc. (NASDAQ:TAYD) by 31.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,500 shares of the industrial products company’s stock after selling 2,972 shares during the period. Perritt Capital Management Inc owned approximately 0.18% of Taylor Devices worth $292,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in TAYD. American Century Companies Inc. bought a new stake in Taylor Devices during the second quarter worth $1,206,000. LSV Asset Management lifted its position in shares of Taylor Devices by 239.5% during the 2nd quarter. LSV Asset Management now owns 8,149 shares of the industrial products company’s stock worth $367,000 after buying an additional 5,749 shares during the last quarter. Rhumbline Advisers acquired a new stake in Taylor Devices in the second quarter valued at about $86,000. Ritholtz Wealth Management raised its stake in Taylor Devices by 123.9% during the second quarter. Ritholtz Wealth Management now owns 9,220 shares of the industrial products company’s stock worth $415,000 after acquiring an additional 5,103 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in Taylor Devices during the second quarter worth about $286,000. Institutional investors and hedge funds own 17.62% of the company’s stock.

Taylor Devices Stock Performance

Shares of NASDAQ:TAYD opened at $58.64 on Thursday. Taylor Devices, Inc. has a 52-week low of $19.81 and a 52-week high of $61.69. The company has a market capitalization of $182.96 million, a PE ratio of 23.55 and a beta of 1.03. The company has a fifty day moving average of $49.90 and a 200-day moving average of $47.56.

Taylor Devices (NASDAQ:TAYD) last announced its quarterly earnings results on Thursday, August 15th. The industrial products company reported $0.67 EPS for the quarter. Taylor Devices had a return on equity of 17.54% and a net margin of 20.18%. The firm had revenue of $12.07 million for the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Taylor Devices from a “buy” rating to a “hold” rating in a report on Friday, August 16th.

Taylor Devices Profile

Taylor Devices, Inc engages in design, development, manufacture, and marketing of shock absorption, rate control, and energy storage devices for use in machinery, equipment, and structures in the United States, Asia, and internationally. Its products include seismic dampers that are designed to mitigate the effects of earthquakes on structures; Fluidicshoks, which are compact shock absorbers primarily used in defense, aerospace, and commercial industries; and crane and industrial buffers, which are larger versions of the Fluidicshoks for industrial application on cranes and crane trolleys, truck docks, ladle and ingot cars, ore trolleys, and train car stops.